Question-and-Answer Session
Operator
(Operator Instructions) Our first question comes from David Lewis - J.P. Morgan.
David Lewis - J.P. Morgan
I was wondering if you could just break out operating costs constant currency, I’m not sure if I missed it or not. I know that you mentioned the Blackwell integration costs. And related to that, could you just give a little more detail about the integration costs and how you think they’re going to be broken up through the quarter and through the first half and the second half of the fiscal year?
Ellis E. Cousens
In terms of the operating costs and administrative expenses, they’re up as you see from the earnings release about 6.8%. That’s including the effects of exchange. There was just under $4 million of unfavorable foreign exchange translation so net of that it was just under 5%, 4.9%.
In terms of the effect of the integration, there’s about net $2 million of expense in the quarter. So there were some savings and some additional expense and net of that was about $2 million. We haven’t provided specific guidance to your question about how it lays out over the quarters. What we’ve said thus far and about all I’m capable of saying right now quite frankly until we’re a little bit further into this, to be that specific is that by the time we get to the end of the year as I’ve noted previously, we’ll have over the course of the year positive integration savings net of all costs in the year and we will be completed substantially with all of the acquisition integration related activities by the time we exit the year. That’s as much as we’re in a position to say now. We previously reaffirmed that we’re on target to meet our overall guidance with respect to total cost savings when we’re completed with the acquisition.
David Lewis - J.P. Morgan
The revenue guidance, the mid-single digits that you’ve given, is that constant currency and does that exclude acquisitions? I mean is that a pure organic number or how should we think about that?
Ellis E. Cousens
It’s the reported revenue that we’ll provide at the end of the year. So it includes the effect of foreign exchange translation positive or negative and the addition of any small acquisitions such as the two that Will outlined with respect to [Sungage], a small acquisition, and Key Press.
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